Following the past few days of break down on silver, it is apart that bullish market structure is yet to be broken, would like to see silver reach 16.5 this week. As long as we stay above the Higher low made I see silver exceeding $18 in the next month due to the current pandemic unfolding. Let me know your thoughts. Safe trading :)
Big daily play, correlates with the daily and weekly chart. It seems the high of the week is in. Lets see how this plays out.
Clear breakout in the elliot impulse wave, downside movement expected
As you can see its around the area of the highest high since 2009, it has hit that area twice this year before falling massively, I believe this is a triple top forming now and will drop again massively.
Tons of gold found in a Coast of china, have a definite effect on Gold, and currencies. Will see major movement next week
A clear uptrend currently, Shall see reversal from NFP, if uptrend continues, we shall see 1.14 next week